Many Nigerians, who invested in the popular Ponzi scheme, MMM might be kissing their donations goodbye as other participants are reluctant to donate.
Since the return of the popular MMM on the 13th of January following an unexpected account freeze in December, members have continued to complain bitterly about the failure of the system to pay those who invested huge sums.
However, a participant, @Ibibiofrstlady has revealed a new trend which will probably shutdown the system leaving many people to lose millions of naira. She revealed that participants in the scheme who are matched to pay others are now refusing to fulfill their financial obligation.
“I observe that participants dont’t redeem their PH pledge on MMM. I have almost 200 thousand naira with them. I requested help (GH) on the 14th and I have been matched and re-matched, yet none of those people have paid even a kobo. Though I am not “poor” but I need back my money. Someone on palmchat advised me to forget it but I just can’t.
“I don’t know whether I am the only one facing this challenge.”
It has been speculated, that if this trend continues, the system is bound to crash and many people will lose their money.